Mortgage on a $500K house in Montana
$3,228 a month with 20% down — $2,691 principal and interest plus $287 property tax and $250 insurance.
Montana's typical property tax is 0.69% of the home's value a year (U.S. average 0.9%), which adds $287 a month on a $500K home. The typical home in Montana is worth $467,275, so $500K is 7% above the typical price.
$500K home in Montana: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $100,000 | $400,000 | $2,691 | $0 | $537 | $3,228 | $138,300 |
| 10% down | $50,000 | $450,000 | $3,027 | $188 | $537 | $3,752 | $160,800 |
| 5% down | $25,000 | $475,000 | $3,195 | $198 | $537 | $3,931 | $168,500 |
| 3.5% down (FHA) | $17,500 | $490,944 | $3,303 | $221 | $537 | $4,061 | $174,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.69% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Montana does $500K buy a typical home?
In these counties the typical home value is within 15% of $500K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Carbon County | $504,796 | 0.54% | $3,167 |
| Stillwater County | $487,371 | 0.57% | $3,179 |
| Sweet Grass County | $481,714 | 0.49% | $3,145 |
| Jefferson County | $520,701 | 0.55% | $3,169 |
| Broadwater County | $524,149 | 0.56% | $3,174 |
| Lewis and Clark County | $466,454 | 0.79% | $3,270 |
| Granite County | $462,296 | 0.6% | $3,192 |
| Sanders County | $459,525 | 0.53% | $3,160 |
| Missoula County | $569,820 | 0.88% | $3,307 |
46 of 56 Montana counties tracked by Zillow have a typical home value at or below $500K. See all Montana home prices.
Other prices in Montana
Frequently asked questions
What is the mortgage on a $500K house in Montana?
About $3,228 a month with 20% down at 7.11%: $2,691 principal and interest, $287 property tax and $250 insurance.
How much do I need to make to buy a $500K house in Montana?
About $138,300 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $500K house in Montana?
At Montana's typical effective rate of 0.69%, about $3,447 a year. Rates vary by county and city — see the county pages.